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Showing 1 - 10 of 100+ results for "CBA"

BlackRock votes against CBA resolution

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... financing fossil fuels. The largest asset manager in the world, with US$9.5 trillion in assets under manager, voted against a CBA shareholder resolution which asked the bank to stop funding fossil fuel projects. "BIS [BlackRock Investment Stewardship] ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. CBA released the thirteenth and final report from its independent reviewer, Promontory Australia, noting all milestones have ...

CBA to detect abusive banking behaviour

ANNABELLE DICKSON  |  MONDAY, 11 OCT 2021
... machine learning to detect abusive behaviour reflected in transaction descriptions within its banking services. Developed in CBA's AI Labs, the technology will be used in the CommBank App and Netbank and builds on the bank's ability to identify technology-facilitated ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance product in branches, by telephone ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... continues to outperform the Single Strategy MySuper Index across four of seven age cohorts on the back of strong equity markets. CBA's Essential Super is best-performing lifecycle MySuper product across the most age cohorts, followed by Mine Super, CFS ...

AUSIEX hires head of risk from BTFG

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... units over a year. He started at BTFG in 1993 as an assistant accountant and after five years left to work in senior roles at CBA, UBS, and St. George before returning to BTFG in 2020. Chief executive Eric Blewitt the appointment supports the growth ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA is required to publish a written and audio-visual notice on its website and newsroom's landing pages under the heading "Notification ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... individual cases have been reviewed and compensation offers made," the firms said. This is still within the $300 million limit that CBA foreshadowed when CountPlus entered into an agreement to buy the bank's aligned advice business. The year to June ...

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... figures this morning, which total $1.86 billion as at the end of June. NAB has returned the highest amount at $80 million, while CBA has paid out just $9.3 million.

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... p.a. returns). It is ranked 34 th on five- and seven-year horizons. Essential Super is currently in court, with ASIC alleging CBA used conflicted remuneration in breach of Corporations Act to distribute the fund to 390,000 customers. CBA denied the allegation ...
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